The company reported a better-than-estimated 26% growth in the net profit for the quarter ended September, 2017 and its NII was also up by 27% on a YOY basis. The loan book for the quarter grew by 33% and the share of home loans in the overall book inched up 100bps. The management has guided 30% AUM growth for FY18 and focus is on expanding distribution model through e-home loans and Smart City home loans. Additionally, Oaknorth Bank has secured investment of GBP 154 million from three investors valuing it at GBP 962 million and Indiabulls Housing Finance approx. 30% stake is now valued at $380 million against the original investment of $100 million. Considering the growth prospects of the company, the stock could be looked at for short-medium term gains.